Danske Bank A S Buys 29,300 Shares of HP Inc. $HPQ

Danske Bank A S lifted its stake in HP Inc. (NYSE:HPQ) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 437,009 shares of the computer maker’s stock after purchasing an additional 29,300 shares during the quarter. Danske Bank A S’s holdings in HP were worth $9,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. State Street Corp raised its position in shares of HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. AQR Capital Management LLC raised its position in shares of HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the period. Legal & General Group Plc raised its position in shares of HP by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker’s stock valued at $235,627,000 after purchasing an additional 586,694 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE:HPQ opened at $20.81 on Tuesday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55. The stock’s 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $21.74. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 5.79 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, analysts anticipate that HP Inc. will post 2.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HPQ shares. Evercore set a $22.00 price objective on shares of HP in a research report on Thursday, February 19th. UBS Group decreased their target price on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group decreased their target price on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, HP has a consensus rating of “Reduce” and a consensus price target of $21.58.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.